https://www.taxtmi.com/caselaws?id=305577 The Tribunal upheld the CIT(A)'s decisions on various issues, allowing depreciation on sale and leaseback transactions, business development expenses, sundry balances written off, short-term capital loss, commission paid to a related party, and legal expenses incurred in earlier years. The Tribunal directed further verification on disallowances under Sections 14A and 43B, bad debts, share sale service charges, and interest charges under Sections 234B, 234C, and 234D. The Tribunal emphasized the importance of proper verification and adherence to judicial precedents in determining the allowability of deductions and disallowances. en-us Fri, 19 Nov 2010 00:00:00 +0530 Tue, 13 Dec 2022 11:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305577 The Tribunal upheld the CIT(A)'s decisions on various issues, allowing depreciation on sale and leaseback transactions, business development expenses, sundry balances written off, short-term capital loss, commission paid to a related party, and legal expenses incurred in earlier years. The Tribunal directed further verification on disallowances under Sections 14A and 43B, bad debts, share sale service charges, and interest charges under Sections 234B, 234C, and 234D. The Tribunal emphasized the importance of proper verification and adherence to judicial precedents in determining the allowability of deductions and disallowances. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305577